ZestFinance, a provider of credit software fueled by artificial intelligence (AI), announced its integration with MeridianLink, a multichannel loan and new account origination platform. According to a news release distributed last week, MeridianLink will be integrating Zest Automated Machine Learning (ZAML) credit scoring directly to its LoansPQ platform, providing MeridianLink clients the ability to access […] [Read More]

Trust Science wants more details about the key pain points facing credit underwriters nowadays, so the provider of credit-scoring solutions powered by artificial intelligence recently launched its annual survey. Along with the chance to win a $750 gift certificate for Dick’s Sporting Goods, finance companies can share a variety of experiences through the survey that […] [Read More]

Dealers and finance companies are getting regulatory assistance in four more states in an effort to help buyers and contract holders protect their purchases via products available in F&I offices. A trio of industry groups recently praised state legislatures across the nation for continued progress in passing new protections for consumers who purchase service contracts […] [Read More]

The National Auto Auction Association elected a vice president for the 2019-2020 term, choosing R. Charles Nichols for the post. Nichols, who is the president of BSC America Auction Group and general manager of Bel Air Auto Auction, was installed into the VP role at the NAAA Convention earlier this month. “Charles brings to this […] [Read More]

Kesler-Schaefer Auto Auction has been a big part of Steve and Mary Ann Kesler’s lives. Steve’s grandparents founded the company in 1943, and Steve grew up in the business. About a decade after Steve married Mary Ann, she began her career at the auction in 1998, and they now oversee an operation that runs 1,000 […] [Read More]

Lease penetration a shade below 30% not only means that demand for leasing is strong, but future off-lease volumes should continue to be plentiful to a used-car market that hasn't just absorbed the additional supply, but thrived from it. That’s according to analysis released Friday by Cox Automotive, which did the math on how current […] [Read More]

The news that Hyundai’s Dealer Website Certification Program has selected Dealer.com as a website and digital advertising provider means that for more than 600 North American Hyundai dealers, Dealer.com will remain an endorsed website provider. Dealer.com, a Cox Automotive brand, also said the agreement continues a long-standing partnership that it says is “rooted in driving […] [Read More]

Yavor Efremov says that up to now, no path has existed for Motor1.com users to buy a new or used car after they have read Motor1.com reviews and research content. Motor1.com is part of the Motorsport Network, and Efremov, who is chief executive officer of the network, said U.S.-based car buyers, through Motor1.com, can now […] [Read More]

An industry association with safety in its name finalized its leadership structure for 2020. At the recent Automotive Safety Council board meeting, the ASC nominated a new vice chairman. With this appointment, ASC board of director officers and president now includes: — Chairman: Mark Wehner vice president of Joyson Safety Systems — Vice chairman: Steven […] [Read More]

Late-model vehicles are continuing to depreciate annually at a little more than 1% per month, according to the latest Black Book data. Analysts reported this week that the average price of a used vehicle for model years 2013 through 2017 decreased in value by 1.0% during September, with cars softening by 1.1% and trucks dipping […] [Read More]